Ola Electric, a leading electric two-wheeler maker in the country, has announced its financial results for FY2025. Although the company continued its leadership position in the market, its revenue fell marginally to INR 46.45 billion in FY2025 from INR 51.26 billion last year.

In spite of the revenue drop, Ola Electric continued its leadership in the electric scooter segment, shipping 359,221 units in FY2025, compared to 329,549 units in FY2024. The growth came mainly from the strong performance of its enhanced Gen 3 S1 scooter range, allowing the firm to attain 30 percent market share, based on VAHAN data.

The company stated it is making a big push towards profitability, led by two main internal initiatives: ‘Project Lakshya’ and ‘Project Vistaar.’

Under Project Lakshya, Ola Electric has a target cost structure of INR 1.10 billion for its auto business. The company has been able to bring down costs impressively to INR 1.21 billion in April 2025 and is likely to reach the INR 1.10 billion target in June 2025.

To supplement this, Project Vistaar, launched in November 2024, was network transformation-centric. The effort has significantly enhanced delivery time (from 12 days to 3-4 days), optimised inventory management and facilitated same-day delivery through its "HyperDelivery’ facility. Consequently, Ola Electric grew its footprint to emerge as India's largest EV distribution network in FY2025 with over 4,000 touchpoints, of which over 50 percent were in Tier 3 and rural markets.

These strategic actions have helped Ola Electric lower its auto segment EBITDA break-point structurally to below 25,000 units per month. This reduced level, combined with expected industry expansion, growing S1 market share, and the recent launch of motorcycles, sets the company up to achieve Auto segment EBITDA profitability during FY2026.

Ola Electric stated that early signs in April and May 2025 indicate encouraging business traction, with higher Gross Margins (excluding the benefits of PLI) and lower operating expenses. The company also noted stronger monetisation through add-ons, with Gen 3 sales more than doubling that of Gen 2. Encouraging demand for the recently launched Roadster Motorcycles is also supporting this encouraging trend. It expects this healthy performance to sustain, resulting in Auto segment EBITDA profitability in FY2026.

The launch of the Gen 3 S1 portfolio in Q4 FY2025 contributed significantly to the company's enhanced Gross Margins. For Q1 FY2026 posted a further 10 percentage point increase in Gross Margins over Q4 FY2025. This result will benefit further from the ramp-up in the Gen 3 platform. Significantly, the gross margins as of date do not account for PLI benefits for Gen 3, which will accrue in Q2 FY26. The company estimates its Gross Margins to be around 35 percent for Q2 FY2026 with PLI.

Ola Electric's S1 lineup continues to be extensive, with almost 1 million units sold in 14 products in Gen 2 and Gen 3. The Gen 3 platform provides 20 percent more peak power, 20 percent more range and an 11 percent price cut compared to its predecessor. The company further pushed mass segment EV penetration via its S1 X, which experienced a 3.5x year-on-year rise in deliveries to 196,123 units in FY25.

It was just recently that the company has begun deliveries for the Roadster X electric motorcycle, which it said addresses a significantly underpenetrated segment. The Roadster X comes with a mid-drive motor, chain drive, and onboard MCU for improved performance and safety. A first in the industry in the Roadster X series is the implementation of flat cables in the motorcycles.

The company is also scaling up output at its Ola Gigafactory, with the yields of its indigenously created ‘Bharat Cell’ continuing to improve. The cell is under rigorous testing of performance, lifecycle, safety and phased commercialisation can be anticipated in the months ahead. The phased rollout strategy is designed to balance supply chain synergies, maintain quality consistency and collect real-world performance data prior to mass commercialisation.

Ola Electric indicates that FY2026 will be a year of scaling revenue and riding operating efficiencies to drive sustainable profitability. With a strong product roadmap, vertical integration, strong R&D emphasis and building out distribution and service infrastructure.

Comments (0)

ADD COMMENT

Link Copied!

Tata Motors, one of the leading commercial vehicle manufacturers, has begun delivering the first batch of Prima E.55S electric prime movers to BillionE Mobility, as part of an order for 250 units of the EV.

The fleet is scheduled for phased deployment across freight corridors in Gujarat, Rajasthan, Tamil Nadu, Karnataka, Maharashtra, Haryana and the Delhi NCR region to transport industrial goods including steel and cement.

The Prima E.55S is constructed on the i-MoEV architecture and utilises a 450 kWh battery pack, which is claimed to be the largest in its category. The e-truck comes with a claimed range of up to 350 km on a single charge and features an integrated e-axle, a three-speed automatic transmission and dual-gun fast-charging capabilities.

In terms of safety it get a driver monitoring system, lane departure warning and an electronic braking system.

BillionE Mobility intends to scale its heavy-duty logistics operations to 1,500 units over the next 18 months through this strategic partnership. Tata Motors supports its alternative fuel portfolio through the Sampoorna Seva 2.0 initiative and a service network comprising 3,200 touchpoints across India.

Kartikey Hariyani, Founder of BillionE & ChargeZone, and Sanjeev Kulkarni, CEO of BillionE Mobility, said, “Our focus at Billion Electric Mobility is on building electric commercial vehicle solutions that can be deployed reliably, and at scale across real freight operations for inter-city routes. We are entering into a strategic partnership with Tata Motors as we aim to accelerate our commitment for systematic large-scale acquisition and month on month planned pipeline for deployment 6 to 18 months targeting 1,500 units of heavy‑duty logistics in India. The Tata Prima E.55S delivers the performance, reliability and operational efficiency required for intensive logistics solutions across various applications. We are pleased to induct Prima E.55S 450kWh, India’s largest in-class battery capacity of 450 kWh to enhance our long-haul logistics capabilities.”

Rajesh Kaul, Vice-President and Business Head – Trucks, Tata Motors, said, “Electric trucking scales when vehicles are built for real operating conditions – duty cycles, uptime, energy efficiency and total cost of ownership. Developed with this application‑led approach, the Prima E.55S brings together India’s first high‑performance e‑axle, an advanced battery management system and dual charging ports, supported by a segment‑leading 450 kWh battery pack designed for extended range and demanding duty cycles. These technologies translate into strong performance, higher uptime and lower operating costs, enabling customers to achieve faster payback. Our close collaboration with BillionE Mobility has ensured alignment across the vehicle and the supporting ecosystem, enabling dependable electric operations across key freight corridors.”

Comments (0)

ADD COMMENT

Link Copied!

Switch Mobility, the electric vehicle division of the Hinduja Group, has delivered the first 10 units of its EiV12mt intercity electric coaches to Prasanna Purple Mobility Solutions.

The e-buses were inaugurated in Pune and will operate on the Mumbai–Pune corridor. This deployment represents the manufacturer's first supply of intercity coaches to a private sector operator and facilitates the entry of Prasanna Purple Mobility Solutions into the electric intercity segment.

The delivery is part of a larger order for 25 electric buses being deployed in partnership with Vertelo. The remaining units are scheduled for delivery throughout the year. The EiV12mt coach is designed for long-distance operations, featuring 45 pushback seats and a range exceeding 300 km per charge. The vehicle incorporates fast-charging technology and the Switch iON connected system for real-time fleet monitoring and data analysis.

Till date, Switch Mobility has deployed over 2,500 electric buses in India to date and has previously supplied intercity vehicles to state transport undertakings such as UPSRTC. The company intends to scale its presence in the intercity segment as operators transition from internal combustion engines to electric propulsion for high-frequency travel corridors.

Ganesh Mani, CEO, Switch Mobility, said, “The flag-off marks another important step in expanding electric mobility beyond cities and strengthening our presence in the intercity segment. This partnership reflects the growing confidence in electric buses for high-frequency routes like Mumbai–Pune, where performance, reliability, and efficiency are critical. As we commence deliveries, with the first set of buses now deployed, we look forward to progressively scaling this engagement with Prasanna Purple Mobility Solutions in the period ahead. At Switch Mobility, we are focused on delivering solutions through the EiV12 platform that are not only sustainable but also commercially viable for operators, while ensuring a superior passenger experience. With intercity mobility continuing to evolve, we are building on our experience in the segment and remain committed to accelerating the adoption of reliable, efficient, and future-ready electric mobility solutions.”

Prasanna Patwardhan, CMD, Prasanna Purple Mobility Solutions, added, “Entering the intercity segment with electric mobility is a significant milestone for us. Through this collaboration, we are introducing a cleaner and more efficient travel option on the Mumbai–Pune route. We remain focused on enhancing the overall journey experience while moving towards more sustainable operations. With Switch Mobility we value our partnership for long term E Mobility Solutions.”

Comments (0)

ADD COMMENT

Link Copied!

German luxury automotive brand BMW Group has introduced a new hydrogen tank architecture for the BMW iX5 Hydrogen, extending the vehicle's range to 750 km. The BMW Hydrogen Flat Storage system integrates with the vehicle structure to maintain cabin space and compatibility with the company's Gen6 high-voltage battery.

The storage unit consists of 7 high-pressure tanks constructed from carbon-fibre reinforced composite. These tanks are connected in parallel within a metal frame and operate as a single unit controlled by a central valve.

Key performance data:

• Capacity: Stores at least seven kilograms of hydrogen.
• Refuelling: Pressure levels of 700 bar allow for a full refill in under five minutes.
• Propulsion: Utilises Gen3 fuel cell technology combined with the "Heart of Joy" drivetrain and chassis control software.
• Integration: The flat design allows hydrogen models to be manufactured on the same production lines as petrol, diesel and battery-electric variants.

The development of the powertrain and tank system is part of the ‘HyPowerDrive’ project. The initiative has received EUR 191 million from the German Federal Ministry of Transport and EUR 82 million from the state of Bavaria.

BMW intends to integrate the iX5 Hydrogen into its standard production network in 2028. The flexible architecture of the new X5 allows for five different drive system variants, including plug-in hybrid and battery-electric, to be built on a single platform to reduce technical complexity and manufacturing costs.

Dr Joachim Post, Member of the Board of Management of BMW AG responsible for Development, said, “Our new storage concept allows us to fit the hydrogen drive system into the new X5 precisely and in a way that saves space. Think of it as installation Tetris: every customer gets the drive system best suited to their needs and a true BMW X5 with no compromises. This is technology openness and the art of engineering just the way we developers love them!”

The hydrogen programme is part of BMW’s ‘technology-open’ strategy to diversify energy sources and reduce dependence on specific raw material chains. By offering hydrogen fuel cell technology alongside conventional and battery-electric systems, the company aims to provide long-range electric driving with refuelling times comparable to internal combustion engines.

Comments (0)

ADD COMMENT

Link Copied!

CUPRA has introduced the all new Raval, a compact electric vehicle that boldly rejects ordinary design and driving expectations. As the latest addition to the brand’s expanding electric lineup, this model is built to form a genuine emotional bond with the person behind the wheel while actively pushing against conventional automotive norms.

Arriving in UK this summer, the Raval combines striking city car style with genuine performance credentials. Its starting price is set at GBP 23,785 (approximately USD 31,976), and buyers can choose from four trims: Origin, V1, V2 and VZ. Every version sits on the advanced MEB+ platform, ensuring a modern foundation for both efficiency and driving dynamics.

The entry level Origin uses a 37-kWh battery producing 115 PS. The V1 and V2 trims offer a choice between the same sized battery with 135 PS or a larger 52 kWh unit delivering 210 PS, the latter providing roughly 280 miles (approximately 450 km) of range and a fast charge time of just 23 minutes from 10 to 80 percent. The sporty VZ trim comes exclusively with the 52-kWh battery, offering around 250 miles (approximately 402 km) of range and 225 PS, plus performance upgrades like an electronic limited slip differential and Dynamic Chassis Control.

At the heart of the Raval lies a driver focused interior featuring an integrated digital instrument setup with a 10.25-inch cockpit display and a 12.9-inch infotainment screen. All vehicle parameters are controlled from this central hub. The redesigned steering wheel includes physical buttons, plus dedicated satellite controls for driving modes and regenerative braking paddles, ensuring every journey delivers the emotional engagement CUPRA promises.

Marcus Gossen, Managing Director of SEAT and CUPRA UK, said, “The CUPRA Raval is the culmination of an immense amount of hard work, dedication and effort on all fronts. Raval is the pinnacle of all things CUPRA – advanced, forward thinking, dynamic. It pushes the boundaries in automotive and encourages drivers to form a real emotional connection to the drive itself. The combination of striking design, electrifying performance and unconventional features reimagines what an urban EV can be for a new generation of drivers. This is a fully electric car designed to redefine urban mobility with CUPRA’s emotional and challenger DNA.”

Comments (0)

ADD COMMENT

Link Copied!